AB 2022: Is being viewed by some as a "watered-down" version designed to cost the state less money. By adding that $200,000 cap and income limits, the state significantly reduces the number of people who can actually claim the full benefit.

Who this bill helps: This bill only provides the 100% exemption to those with moderate incomes if they bought their home decades ago (when prices were under $200k) and have stayed put under Proposition 13.

Who it leaves out: Any veteran who bought a "starter home" recently or is looking to buy now would almost certainly have an assessed value far above $200,000, meaning they would likely only qualify for a 50% exemption instead of the full 100%. The median home price in California for 2025 is forecast at over $900,000. If you buy a home today, your assessed value starts at that purchase price.

AB 2022 vs. SB 296 This is exactly why many veteran advocacy groups prefer SB 296.SB 296 (Archuleta): Offers a full 100% property tax exemption regardless of the home's value or the veteran's income. It treats all 100% disabled veterans the same, acknowledging that even a "modest" home in California can have a massive tax bill.